Nvidia's China restart faces production obstacles, The Information reports
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When Philippine President Ferdinand Marcos Jnr sits down with US President Donald Trump for bilateral talks on Tuesday, his top priority will be to secure a trade deal while reinforcing Manila's security alliance with Washington against Beijing. Advertisement Such a grand bargain, however, appears to be a long shot. The Philippines has sought to link security and trade in a broader strategic package, but they have faced resistance from the Trump administration, which is reluctant to merge the two tracks, according to people familiar with the situation. Trade negotiations have intensified since Trump threatened this month to impose additional tariffs of 20 per cent on Philippine imports if a deal is not completed by August 1. A team of negotiators from Manila flew to Washington last week ahead of Marcos' arrival on Sunday. A final agreement could be announced during the state visit, which concludes Tuesday and makes Marcos the first Southeast Asian leader invited to the White House during Trump's second term. Advertisement
South China Morning Post
2 hours ago
- South China Morning Post
Hong Kong back in full swing after Typhoon Wipha as businesses assess damage
Hong Kong was back in full swing on Monday despite some heavy rain, with the airport clearing about 1,000 storm-delayed flights and businesses assessing the economic damage after Typhoon Wipha triggered the first No 10 signal in two years over the weekend. The Hong Kong Observatory warned that showers and squally thunderstorms would continue to affect the city over the next few days under the influence of the outer rainbands of Wipha, which had weakened into a tropical depression. Wipha was the fifth typhoon to trigger the highest-level No 10 signal in the past two decades. However, the maximum average wind speed near its centre, 140km/h, was among the lowest recorded. 'While Wipha, as a typhoon, was not as strong as Saola in 2023, which became a super typhoon when it came close to Hong Kong, the strength of their periphery winds was in fact similar,' Observatory senior scientific officer Lee Shuk-ming said. 03:16 Typhoon Wipha: Hong Kong emerges with dozens hurt, tens of thousands of travellers frustrated Typhoon Wipha: Hong Kong emerges with dozens hurt, tens of thousands of travellers frustrated Economists estimated that the city could have suffered economic losses of as much as HK$2 billion (US$255 million) on Sunday alone based on gross domestic product statistics.
South China Morning Post
2 hours ago
- South China Morning Post
Customer-led, future-focused: how HSBC and its global fund partners are building wealth solutions shaped by customers' voices
[The content of this article has been produced by our advertising partner.] In a sentiment Pulse Check survey conducted by HSBC in early July with over 1,000 local customers, nearly 68 per cent of respondents stated they expect no change to their wealth position or even an improvement by the end of the year. At the same time, 20 per cent are more focused on risks than growth, and only 9 per cent expect their financial position to deteriorate over the remainder of the year. The Pulse Check revealed how affluent customers are cautiously optimistic, with a growing interest in AI, machine learning, biotechnology and health care innovation trends. Diversification and risk management also top their list of priorities this year. These findings point to the importance of having deeper understanding of customers' evolving needs in order to come up with more relevant and resilient wealth strategies that align with their long-term life goals. Driven by a commitment to prioritise client centricity, HSBC has launched the Fund Excellence Forum programme, a collaboration with global fund house partners who share the goal of reimagining wealth solutions for Asian customers, with an inaugural event on July 15.
